The company has stated that the additional funds will be invested in R&D for driving further efficiency and vehicle development.
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A new study by the International Transport Forum has examined safety aspects associated with e-scooters and other micro-vehicles, and has outlined 10 key safety recommendations.
Lime first launched in Sweden in November 2018 and has since achieved over one million rides saving approximately 31 metric tonnes of CO2.
The technology aims to detect and reduce illegal and unsafe e-scooter riding on pavements, which in turn hopes to provide better information for cities as where to improve infrastructure.
The Corporate Electric Vehicle Alliance aims to help Lime and member companies achieve bold commitments to fleet electrification and help to support members meet ambitious sustainability goals.
Of those surveyed, almost 20 per cent said it was legal to ride an e-scooter on public roads, 10 per cent said it was legal to ride on the pavement and 32 per cent were not able to answer or said they did not know.
Nearly a third of the patients reportedly suffered head trauma - more than twice the rate of head injuries to bicyclists - and approximately a third of the e-scooter injuries were to women.
The LimePass, said to be a first for the micromobility industry, can be accessed and signed up for through the Lime application.
Currently, e-scooters are prohibited from public roads in Ireland, but Blue Duck is allegedly the first e-scooter company to enter an agreement to operate in the country.
Between 1 January 2019 and 11 December 2019, there have reportedly been over five million trips made via shared mobility in Austin, which is said to amount to approximately $780,000 if the fee had been in place.